Goldshore Resources Stock Market Value
| GSHR Stock | 0.24 0.01 4.35% |
| Symbol | Goldshore |
Goldshore Resources Price To Book Ratio
Goldshore Resources 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Goldshore Resources' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Goldshore Resources.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in Goldshore Resources on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding Goldshore Resources or generate 0.0% return on investment in Goldshore Resources over 720 days. Goldshore Resources is related to or competes with Cassiar Gold, Guanajuato Silver, Goliath Resources, Fireweed Zinc, and Summa Silver. Goldshore Resources is entity of Canada. It is traded as Stock on V exchange. More
Goldshore Resources Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Goldshore Resources' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Goldshore Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 24.0 | |||
| Value At Risk | (6.67) | |||
| Potential Upside | 9.09 |
Goldshore Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goldshore Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goldshore Resources' standard deviation. In reality, there are many statistical measures that can use Goldshore Resources historical prices to predict the future Goldshore Resources' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.45) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | 0.4211 |
Goldshore Resources Backtested Returns
Goldshore Resources holds Efficiency (Sharpe) Ratio of -0.0945, which attests that the entity had a -0.0945% return per unit of risk over the last 3 months. Goldshore Resources exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Goldshore Resources' Market Risk Adjusted Performance of 0.4311, risk adjusted performance of (0.07), and Standard Deviation of 4.62 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -1.14, which attests to a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Goldshore Resources are expected to decrease slowly. On the other hand, during market turmoil, Goldshore Resources is expected to outperform it slightly. At this point, Goldshore Resources has a negative expected return of -0.43%. Please make sure to check out Goldshore Resources' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Goldshore Resources performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Goldshore Resources has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Goldshore Resources time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Goldshore Resources price movement. The serial correlation of -0.76 indicates that around 76.0% of current Goldshore Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Goldshore Resources lagged returns against current returns
Autocorrelation, which is Goldshore Resources stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Goldshore Resources' stock expected returns. We can calculate the autocorrelation of Goldshore Resources returns to help us make a trade decision. For example, suppose you find that Goldshore Resources has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Goldshore Resources regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Goldshore Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goldshore Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goldshore Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Goldshore Resources Lagged Returns
When evaluating Goldshore Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goldshore Resources stock have on its future price. Goldshore Resources autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Goldshore Resources autocorrelation shows the relationship between Goldshore Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Goldshore Resources.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Goldshore Stock Analysis
When running Goldshore Resources' price analysis, check to measure Goldshore Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goldshore Resources is operating at the current time. Most of Goldshore Resources' value examination focuses on studying past and present price action to predict the probability of Goldshore Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goldshore Resources' price. Additionally, you may evaluate how the addition of Goldshore Resources to your portfolios can decrease your overall portfolio volatility.